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MSNBC
Feb 19, 2013 7:00am PST
'm chris jansing. developing news from the white house. in 45 minutes we are expecting president obama to talk about the $85 billion in the harsh automatic budget cuts known as the sequester. he'll be in the south court auditorium of the white house with a group of first responders. those are the folks whose jobs are on the line if the president and congress don't reach a deal. >>> time is running out. the cuts would go into effect march 1st and congress in recess this week, it gives them five days to work out a deal once they get back. right now, democrats and republicans aren't even talking to each other about how to solve this sequester problem. >> the president gave a speech showing that he'd like to replace it but he hasn't put hi details out there. that's why i conclude it's going to take place. >> democrats have the high ground both substantively and politically and we will win on this issue. i believe just like on the fiscal cliff, republicans will come on board. >> the president promised it wouldn't happen. he's the commander in chief and on his watch, we're going to begin to
MSNBC
Feb 19, 2013 10:00am EST
right now is president obama is insisting upon tax increases as part of the sequester agreement and you know how republicans view that. he is trying to get them to agree to two in a formal period and challenging thing for them to accept. at the same time, the president is urging and saying this affects the broader economy and the republicans acknowledge that but are not ready to go back to the negotiating table right now. >> ken, i guess the other point here is that, you know, if the sequester happens and, for example, in "the washington times" today, they talked about the ripple effect on defense contractors and the thousands of jobs that they are preparing to have layoffs for because of the threat of sequester. i mean, who gets the blame if the economy starts to tank? >> right. well, congress gets the blame more generally and that is what i think is sort of lost here in the jockeying, the positioning and pointing fingers at both sides. we already see historic negative approval ratings for congress. it's only going to get down to both parties detriment. however, i do think the presiden
Search Results 0 to 1 of about 2